Riverside is a city with unique characteristics. Named for its location on the banks of the Santa Ana River, it stands apart from Santa Ana itself. Though it functions largely as a bedroom community with most residents working in Los Angeles, much of its property growth is driven by high prices in LA pushing people out. Once a vibrant citrus region, today it has few orange or lemon trees. This constant change has posed significant challenges for its over 300,000 residents, with high unemployment rates following the recession. Consequently, FICO issues and past credit mistakes have made securing loans for industrial, commercial, mixed-use, and residential properties an uphill battle for many.
Thankfully, Private Money Lenders, Inc., California’s premier hard money lender, anticipated these needs and stepped in without hesitation. Riverside residents now have access to first and second lien real estate loans, catering to individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals. We have fully integrated into Riverside with our professional team of loan agents, meaning poor credit is no longer a deterrent for investment. Word is spreading that investing in Riverside real estate is once again an encouraging experience.
Our trusted formula applies to all funding types – bridge loans, long-term private financing, private money loans, and investor loans. We focus on uncovering equity in the targeted real estate, even if it’s a small amount. If that fails, we employ cross-collateralization, a tactic whose benefits become clear to clients quickly. Additionally, we refinance business loans without cash-out limits, a crucial advantage against rising inflation. Riverside customers especially appreciate our low interest rates and friendly loan terms. From the outset, we ensure all loan contract clauses are transparent, reflecting our commitment to openness.
Active in all major California cities, Private Money Lenders, Inc. caters to Riverside residents with loans ranging from $50,000 to $2 million. We ensure a swift process, benefiting clients with a seamless methodology and a sensible schedule for loan redemption and interest payments. Our professional team effort disintegrates credit obstacles effectively.
With us, you can rely on competitive interest rates and clear loan terms. Our mantra is to secure the best possible rates and terms for each loan category. We maintain a transparent approach, eliminating unpleasant surprises after closing.
The final stage often frustrates investors – getting the contract signed and closed. We work quickly and reliably, with progress measurable daily. In no time, we’ll have a schedule agreed to match your comfort zone for redeeming the loan and making monthly interest payments.